Shanghai,20July2001OveriewoftheChinaFinancialServicesMarketsThisdocumentisintendedsolelyforTillinghast-TowersPerrinandIsincompletewithouttheaccompanyingexplanationbyfiveofourCEIBSMBAstudents!CEIBSMBAStudentsChinaEuropeInternationalBusinessSchoolPAGE2CEIBSMBAStudentsLISTOFSOURCESChinaInsuranceRegulatoryCommission,ShanghaiOfficeMinistryofLabourInterviewswithoAssistantGeneralManager,HeadOffice–InvestmentManagementCenter,PingAnInsuranceoGeneralManager,Marketing&Sales,HeadOffice–LifeInsurance,PingAnInsuranceoManager,InvestmentDepartment,Pacific-AnetaLifeInsuranceoChiefRepresentative,ShanghaiRep.Office,GerlingGlobalReoManager,GroupInsuranceMarketing,TaikangLifeInsurance,ShanghaiBranchoManager,PublicRelationDept.,ChinaLifeInsurance,ShanghaiBranchoSub-Manager,AgencyAdministrationDept.,AIAoManager,????????,Allianz-DazhongoDeputyGM,CommissionOperatingDivision,ChinaConstructionBank,ShanghaiBranchoVP,CorporateBankingGroup,CitibankoHeadofShanghaiOffice,CIRCoAssistantGeneralManager,PrivateBankingDept.,ShanghaiPudongDevelopmentBankChinaInsuranceRegulatoryCommission,ShanghaiOfficeMinistryofLabourInterviewswithoAssistantGeneralManager,HeadOffice–InvestmentManagementCenter,PingAnInsuranceoGeneralManager,Marketing&Sales,HeadOffice–LifeInsurance,PingAnInsuranceoManager,InvestmentDepartment,Pacific-AnetaLifeInsuranceoChiefRepresentative,ShanghaiRep.Office,GerlingGlobalReoManager,GroupInsuranceMarketing,TaikangLifeInsurance,ShanghaiBranchoManager,PublicRelationDept.,ChinaLifeInsurance,ShanghaiBranchoSub-Manager,AgencyAdministrationDept.,AIAoManager,????????,Allianz-DazhongoDeputyGM,CommissionOperatingDivision,ChinaConstructionBank,ShanghaiBranchoVP,CorporateBankingGroup,CitibankoHeadofShanghaiOffice,CIRCoAssistantGeneralManager,PrivateBankingDept.,ShanghaiPudongDevelopmentBankPAGE3CEIBSMBAStudentsEXCHANGERATETABLE(1981-2000)YEAR100US$YEAR100US$1981170.511991532.271982189.261992551.491983197.571993576.191984232.71994861.871985293.671995835.071986345.281996831.421987372.211997828.981988372.211998827.911989376.591999827.961990478.382000827.81Source:BankofChinaPAGE4CEIBSMBAStudentsINTRODUCTIONINTRODUCTIONECONOMICENVIRONMENTECONOMICENVIRONMENTPOLITICALENVIRONMENTPOLITICALENVIRONMENTSOCIALENVIRONMENTSOCIALENVIRONMENT1.MACROECONOMIC–OVERVIEWREGULATORYENVIRONMENTREGULATORYENVIRONMENTPAGE5CEIBSMBAStudentsLocation:EastAsiaArea:9,600,000km2Inhabitants:1.295billion(2000)Capital:BeijingMajorCities:ShanghaiGuangzhouTianjinChongqingNaturalCoal,IronOre,PhosphateOre,Sylvite,Resources:SaltClimate:ContinentalclimateTelephoneMainlines:110million(1999)Mobilecellular:73million(2000)Computersonline:10millionsets(2001.7)Source:ChinaStatisticalYearbook2000,CNNICCHINABASICINFORMATIONChinaisabig,fast-growingdevelopingcountryandisingrandtransition1.MACROECONOMICOVERVIEWPAGE6CEIBSMBAStudentsINTRODUCTIONINTRODUCTIONECONOMICENVIRONMENTECONOMICENVIRONMENTPOLITICALENVIRONMENTPOLITICALENVIRONMENTSOCIALENVIRONMENTSOCIALENVIRONMENT1.MACROECONOMICOVERVIEWREGULATORYENVIRONMENTREGULATORYENVIRONMENTPAGE7CEIBSMBAStudentsSource:ChinaStatisticalYearbook1.MACROECONOMICOVERVIEWGDPincreasedsignificantlyinearly90’s,withestimationof7.5%in2001ECONOMICKEYFIGURES(I)RESULTS4,8605,3025,9577,2078,98910,20111,95514,92216,91818,59821,66326,65234,56146,67057,49566,85173,14376,96780,42389,40496,109020,00040,00060,00080,000100,00...